Solid Minerals Development Fund News Today

The Federal Government of Nigeria earned N16,395,640,771.58 from May, 2023 to April 2024 from mining royalties and sundry fees.

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He made the call on Thursday during the Nasarawa Investment Summit 2024 held in Lafia, the state capital of the North-Central state.

President Bola Ahmed Tinubu's special Adviser on Media and Publicity, Ajuri Ngelale, has been honored with new appointment.

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The Minister of Solid Minerals Development, Dr Oladele Alake, has urged mineral-rich African countries to use the proven mineral reserves of their countries as equity in joint ventures as an alternative to loans.

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Alake deplored unwholesome

Mr Alake said only loans that can be liquidated by the returns on the project should be taken to save the people from poverty.

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people.

Senate Committee Chairman on Solid Minerals, Senator Sampson Ekong has lamented what he described as 'financial bleeding' in the solid minerals sector